Bank Al-Maghrib

IMF Study: SME Insolvencies Could Threaten Bank Capital Ratios

8 April 2021

Companies continue to suffer the impacts of the health crisis, with for each country, its support measures and results that have difficulty reassuring. According to a study by (…)

Moroccan Expats Rush to Close Bank Accounts Amid Tax Compliance Concerns

6 April 2021

Fearing sanctions for non-declaration of bank accounts they hold in Morocco in their countries of residence or host countries before September 2021, many Moroccans living (…)

Islamic Banking Surges in Morocco: Participatory Bank Financing Up 47.5% in February

5 April 2021

The financing rate granted by participatory banks recorded a strong increase of 47.5% year-on-year, with 14.36 billion dirhams (MMDH) in February 2021.

Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Late March

5 April 2021

The dirham appreciated by 0.26% against the euro and depreciated by 0.51% against the US dollar, during the period from March 25 to 31, 2021. This is indicated by the (…)

Moroccan Dirham Strengthens Against Euro, Holds Steady vs Dollar

29 March 2021

The dirham appreciated by 0.56% against the euro and depreciated by 0.1% against the US dollar, during the period from March 18 to 24, 2021. This is what the indicators (…)

Bank of Morocco Governor Clarifies Account Reporting Rules for Overseas Moroccans

26 March 2021

Many Moroccans living abroad are worried following the publication of information according to which they are obliged to declare their bank accounts held in Morocco. The (…)

Morocco Extends Check Amnesty Program Amid Ongoing Health Emergency

26 March 2021

Scheduled to end on March 31, the amnesty on bounced checks has been postponed. A decree voted on Thursday, March 25, 2021 in the Council of Government has just extended it (…)

Morocco’s Economy Set to Grow 5.3% in 2021, Boosted by Agricultural Rebound

26 March 2021

The Moroccan economy is expected to grow by 5.3% this year before settling at 3.2% the following year, according to data just published by Bank Al-Maghrib (BAM).

Moroccan Diaspora Remittances Expected to Surge to 71.9 Billion Dirhams in 2021

24 March 2021

Remittances from Moroccans Residing Abroad (MREs) are expected to increase in 2021 to reach 71.9 billion dirhams (MMDH), according to Bank Al-Maghrib (BAM).

Moroccan Dirham Strengthens Against Euro and Dollar, Official Reserves at 307.5 Billion

21 March 2021

The dirham appreciated by 0.14% against the euro and 0.20% against the US dollar, during the period from March 11 to 17, 2021. This is what the indicators published by Bank (…)